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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: GraceZ who wrote (51014)1/23/2006 4:59:31 PM
From: Mike Johnston  Read Replies (2) | Respond to of 110194
 
would never say that there is no inflation, I would say that prices for what I buy (which is fairly representative of what all other Americans are buying) are rising slower than the prices paid for my labor.

This statement might only apply to you, because the statistics show that wages are not keeping up with inflation.

because various other needs become smaller in relation to income.

A lot of needs are recently getting bigger in relation to income (see above): housing, health care, education etc.

A big flaw in your analysis is failure to consider that not all income is derived from labor.

While a guy that works at Goldman Sachs might be getting 50% raise this year , for him even a 10% inflation rate is not an issue. At the same time a retiree living off his savings will lose most of it in a few short years at inflation rate this high.



To: GraceZ who wrote (51014)1/23/2006 5:18:38 PM
From: shades  Read Replies (1) | Respond to of 110194
 
which is fairly representative of what all other Americans are buying

I just posted where Venezuela dogged out McCain because we have 30 million crack heads - is that not a significant number Grace? You dont still buy crack do you?

go to craigslist and check out the erotic services section - there is so much buying and selling of the worlds oldest profession all over this country - I am certain you are not paying for your sex right? Again - More typical GRACE - only seeing the world from her wegmans a few feet down the road - expand your horizons!